Mid-Ohio Energy Cooperative Inc
- Assets
- $64.0m
- Revenue
- $25.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Kenton, OH
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 34-4380037
Organization Overview
Mid-Ohio Energy Cooperative Inc is located in Kenton, OH. The organization was established in 1942. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Mid-Ohio Energy Cooperative Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Ohio Energy Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Mid-Ohio Energy Cooperative Inc generated $25.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $23.5m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF ELECTRICITY TO MEMBERS (SEE PART III FOR FURTHER DETAILS)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SAFE, AFFORDABLE AND RELIABLE ELECTRICITY TO MORE THAN 8,100 METERS WITHIN THE RURAL AREAS OF TEN OHIO COUNTIES. RETURNED OVER $976,475 OF PATRONAGE CAPITAL TO CURRENT AND FORMER MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Metcalf President & CEO | Officer | 50 | $271,919 |
Tracy Daughenbaugh Operations Supervisor | 40 | $119,213 | |
Gary Vanderhoff Operations Supervisor | 40 | $119,929 | |
Steven Kahle Director Of Operations & Engineering | 40 | $123,708 | |
Barry Boes Lead Lineman | 42.06 | $119,281 | |
Kerri Modd Director Of Finance & Administration | Officer | 47 | $119,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frankart Power Line Services Electric Distribution Line Rebuild | 12/30/23 | $980,743 |
Meridian Cooperative Software Support & Fees | 12/30/23 | $262,488 |
Oberlander's Tree & Landscape Tree Trimming | 12/30/23 | $163,939 |
Vaughn Industries Electric Distribution Line Rebuild | 12/30/23 | $113,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,365,987 |
| Investment income | $253,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $210,496 |
| Net Gain/Loss on Asset Sales | $7,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,839,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $881,372 |
| Compensation of current officers, directors, key employees. | $1,347,502 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,591,465 |
| Pension plan accruals and contributions | $393,926 |
| Other employee benefits | $472,380 |
| Payroll taxes | $202,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,092 |
| Fees for services: Accounting | $14,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,942 |
| Advertising and promotion | $14,508 |
| Office expenses | $61,583 |
| Information technology | $490,139 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,700 |
| Interest | $1,055,390 |
| Payments to affiliates | $215,547 |
| Depreciation, depletion, and amortization | $2,066,344 |
| Insurance | $91,307 |
| All other expenses | $0 |
| Total functional expenses | $23,473,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,591,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,458,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $840,454 |
| Prepaid expenses and deferred charges | $4,123,824 |
| Net Land, buildings, and equipment | $42,680,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,319,603 |
| Intangible assets | $0 |
| Other assets | $4,711 |
| Total assets | $64,019,326 |
| Accounts payable and accrued expenses | $2,611,066 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $30,408,896 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,065,043 |
| Total liabilities | $34,085,005 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $29,934,321 |
| Total liabilities and net assets/fund balances | $64,019,326 |